Krungsri (Bank of Ayudhya PCL) plans to continuously expand its customer base in corporate and investment banking and expects the loan portfolio of its corporate segment to grow by 7% in 2017. With the conscious aim to be a trusted banking partner for corporate customers, Krungsri is committed to providing total financial solutions and developing new products and services from the synergy between Thai expertise and local business understanding of Krungsri and the global strength of Mitsubishi UFJ Financial Group (MUFG).
Mr. Suratun Kongton, Krungsri Head of Corporate and Investment Banking Group, said “Our strategy this year will focus on strengthening our capabilities to better serve corporate and investment banking customers. We aim to upgrade our capabilities to provide a wide range of financial services from project financing, bridge loan, syndicated loan facilities, and investment banking. We are also expanding our services to customers in major provinces which have high growth potential by underlining our standing as the only Thai bank collaborating with MUFG’s branch networks in more than 50 countries in providing financial and advisory services to customers who are keen to expand business overseas, including CLMV countries where the Bank has a comprehensive network of services catering for this group of customers. In addition, MUFG’s network serves as a springboard for introducing Japanese corporate customers in order to support Thai customers in expanding their businesses in domestic and foreign markets. Our sustained growth in corporate loan portfolio reflects our commitment to provide financial products and services that meet the demand of corporate clients who have different needs from other customer groups.”
In 2016, Krungsri’s corporate loan expanded further by more than THB 30 billion to about THB 420 billion. Aside from offering total financial services to Thai companies, Krungsri also supported them in foreign expansion. In the past few years, we have lent support to leading Thai corporates in acquiring assets overseas. Among them included a major cement manufacturer, a global seafood producer, and a leading beverage maker. The said services covered financial advisory, financing for acquisitions, financial restructuring and long-term financing facilities, as well as managing foreign exchange and interest rate risks.
“Rapid changes in the economic environment, especially those related to international trades, are major drivers that encourage Thai businesses to reshape the way they operate. Amid higher lending demand for business expansion into domestic and foreign markets, Krungsri is in the right position to leverage its local expertise with MUFG’s global capabilities and network to satisfy customers. In addition, providing financial services and advice to build up strength for Thai businesses is one of Krungsri’s commitments to enhance the sustainable growth of the overall economy in Thailand.” Mr. Suratun said.